Tag Archives: planning

WHAT HAPPENS IF I DON’T FILE BANKRUPTCY, AM I STUCK WITH THE DEBT?

Question: What Happens If I Don’t File Bankruptcy, Am I Stuck with the Debt? Question Detail: My friend and I purchased a timeshare together. Our friendship apart, but he said he would pay the bill but couldn’t because he lost … Continue reading

Posted in Broke Emotionally & Financially, Filing Bankruptcy Issues, GENERAL INFORMATION, Making the Decision to do Something | Tagged , , , , , | Leave a comment

DOES HIRING A LAWBREAKER TO HELP YOU OBTAIN A LOAN MODIFICATION MAKE SENSE?

The Consumer Financial Protection Bureau (CFPB) has filed an action against a law firm regarding it participation in a loan modification program. The allegations are numerous including making promises about the ability of the consumer to obtain relief and provide … Continue reading

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WILL MORTGAGE FORGIVENESS HURT MORE THAN IT HELPS?

A settlement has been reached between several of the mortgage companies and the United States Government regarding bad lending practices. As a part of the settlement, the balance owed on certain loans is being forgiven. How can it be bad … Continue reading

Posted in Broke Emotionally & Financially, Discharge, Filing Bankruptcy Issues, Making the Decision to do Something, Taxes | Tagged , , , | Leave a comment

ARE ASSETS LOST WHEN A DEBTOR DIES BEFORE THE DISCHARGE IS OBTAINED

If a bankruptcy is filed and then the debtor dies, can the discharge still be obtained is a question that is asked more than one would think.  A Chapter 7 bankruptcy case can take 5 or 6 months to complete. … Continue reading

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FRATERNAL BENEFITS EXEMPTIONS UNDER SOUTH CAROLINA LAW

South Carolina law exempts Fraternal Benefit Association Benefits from claims from creditors who may claim that you have to use them to pay the creditor money that is owed to them.   Just because you have a benefit that is … Continue reading

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FIREMAN’S PENSION FUND PAYMENTS AND EXEMPTIONS UNDER SOUTH CAROLINA AND BANKRUPTCY LAW

Creditors and debt collectors will tell you anything if they think that you do not know better.  If you are eligible for or receiving a Fireman’s Pension Plan payment, the creditor or debt collector may demand that you send part … Continue reading

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